Energy News  
OIL AND GAS
Oklahoma draws in more oil, gas taxes
by Daniel J. Graeber
Washington (UPI) Dec 7, 2017


While still in the midst of a long struggle over budget measures, the Oklahoma Treasury Department said gross tax receipts so far are indicative of growth.

State Treasurer Ken Miller said gross tax receipts paid to his agency in November were up 12 percent, or $98.6 million, from the same time last year at $893.4 million.

"Gross receipts to the treasury, insomuch as they indicate general economic activity, paint an encouraging picture as we enter the holiday period," he said in a statement.

Oklahoma is home to about 4 percent of the total petroleum reserves in the country and accounts for as much as 5 percent of the total crude oil production. Taxes on oil and gas production generated $52.7 million for the state in November, up 54.8 percent from last year and 1.3 percent higher than the previous month.

Miller's office said new revenue generated last month from a 1 percent tax increase on production from horizontal drilling into the state's shale basins to 4 percent totaled $7.8 million.

Overall, the state reported general improvements in the business climate. The Oklahoma Business Conditions Index, however, moved down three notches in November to 60, though anything above 50 is indicative of future economic growth.

Gov. Mary Fallin last month vetoed all-but five of the 170 sections of House Bill 1019X, legislation aimed at fixing the state budget, because it came "perilously close" to wiping out the state's available one-time funds and savings. Emergency appropriation has kept most state agencies running.

Fallin has yet to call for another special legislative session to try to address the budget. A subpoena was issued, but later withdrawn, by the state House of Representatives for her chief of staff last week to address "serious financial issues" with some of the state's agencies.

OIL AND GAS
Cuban oil driller seeing interest from potential partners
Washington (UPI) Dec 4, 2017
Australian energy company Melbana, one of the few with an established footprint in Cuba, said it was vetting potential drilling partners for Block 9 operations. The company aims to tap the Alameda-1 prospect, which it said is in an area that has more than 630 million recoverable barrels of oil at the high end. The company said Monday it's identified a number oil and gas opportunities in ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Next generation solvent contributes to next generation biofuel production from biomass

Researchers generate electricity from low-cost biomaterial

Breakthrough process for directly converting methane to methanol

Surrey develops new 'supercatalyst' to recycle carbon dioxide and methane

OIL AND GAS
Sustainable solvent platform for photon upconversion increases solar utilization efficiency

Gore Mountain ski resort completes massive solar farm

Windows of opportunity: Solar cell with improved transparency

Burkina, France launch W.Africa's biggest solar plant

OIL AND GAS
U.S. wind turbines getting taller and more efficient

New wind farm in service off the British coast

End tax credits for wind energy, Tennessee Republican says

New York sets high bar for wind energy

OIL AND GAS
Improving sensor accuracy to prevent electrical grid overload

Japan faces challenges in cutting CO2, Moody's finds

IEA: An electrified world would cost $31B per year to achieve

'Fuel-secure' steps in Washington counterintuitive, green group says

OIL AND GAS
Superior hydrogen catalyst just grows that way

Army researchers seek better batteries

Musk's record-breaking battery officially launches in Australia

Batteries with better performance and improved safety

OIL AND GAS
UN makes global bid to end 'rampant' pollution

Serious health risks from Lebanon waste burning: report

99 percent of ocean microplastics could be identified with dye

Vietnam jails activist for 7 years over toxic leak protests

OIL AND GAS
Gas prices inch lower, but still way above the June average

Offshore oil and wind a boost for helicopter fleets

Statoil submits formal plans for mega Barents Sea oil field

Enbridge shuts oil pipeline because of bad Michigan weather

OIL AND GAS
Opportunity Greets Winter Solstice

NASA builds its next Mars rover mission

Scientists developed a new sensor for future missions to the Moon and Mars

Earthworms can reproduce in Mars-like soil









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.